Canarc Commences $400,000 Exploration Program at Windfall Hills Project, BC
NEWS RELEASE
Canarc Commences $400,000 Exploration Program at Windfall Hills Project, BC
Vancouver, Canada – September 25, 2018 – Canarc Resource Corp. (TSX: CCM, OTCQX: CRCUF, Frankfurt: CAN)
(“Canarc” or the “Company”) has commenced a CAD$400,000 exploration program on its 100% owned Windfall
Hills gold project located 65 kilom etres (km) south of Burns Lake and 90 km northwest of NewGold’s large
Blackwater-Davidson gold-silver discovery in central BC.
Canarc previously conducted three phases of exploration in 2012, 2014 and 2016 at Windfall Hills to discover
encouraging gold mineralization in the 94 -4 Zone. Three drill holes in 2014 each intersected gold mineralization.
The best intercept was 0.89 grams per tonne (gpt) gold and 39 gpt silver for 1.41 gpt gold equivalent (75:1 silver:gold
ratio) over a 28 m core length (0.041 oz per ton over 91.9 feet) in hole WH-14-03 (true width not yet determined).
For more information on the foregoing drill results, see the Canarc’s news release dated October 9, 2014.
In 2016, Canarc conducted a 3D Induced Polarization (3DIP ) ground geophysical survey covering 4 square km , or
about 10% of the Windfall Hills property . The survey identified fou r anomalies of coincid ent resistivity and
chargeability highs, one of which covers the 94 -4 zone where geochemical sampling and shallow diamond drilling
previously encountered significant gold and silver mineralization.
The current exploration program consists of property-wide stream se diment sampling; reconnaissance soil
sampling, mapping, and prospecting; airborne geophysical surveying (magnetics and radiometrics) of the entire
property; and 2000 meters of machine trenching; to detect new gold -silver anomalies a nd better delineate the
known epithermal stock-work gold-silver mineralization.
The CAD$400,000 budget is covered by flow -through funding raised at CAD$0.13 per share in 2016. Results are
expected in November. The Windfall Hills project displays many of the geological features of and has excellent
potential for the discovery of a Blackwater-Davidson type gold-silver mineralization.
Garry Biles, P.Eng, President & COO , is the qualified person, as defined by National Instrument 43 -101, who has
reviewed and approved the technical information in this news release.
Bradford Cooke, CEO (Interim)
CANARC RESOURCE CORP.
About Canarc - Canarc Resource Corp. is a growth -oriented gold exploration company focused on generating
superior shareholder returns by discovering, exploring and developing strategic gold deposits in North America. The
Company is currently advancing two core assets, e ach with substantial gold resources, and has initiated a high
impact exploration strategy to acquire and explore new properties that have district -scale gold discovery
potential. Canarc shares trade on the TSX: CCM and the OTCQX: CRCUF.
CANARC RESOURCE CORP .
#810 – 625 Howe Street
Vancouver, BC V6C 2T6
T: 604.685.9700
F: 604.685 -9744
TF: 1.877.684.9700
www.canarc.net
CCM: TSX
CRCUF: OTCQX
For More Information - Please contact:
Garry Biles, COO and President
Toll Free: 1-877-684-9700 Tel: (604) 685-9700 Fax: (604) 685-9744
Email: [email protected] Website: www.canarc.net
Cautionary Note – Forward looking Statements
Certain statements contained herein regarding the Company and its operations constitute “forward -looking
statements” within the meaning of applicable Canadian securities laws and the United Stat es Private Securities
Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements
regarding future estimates, plans, objectives, assumptions or expectations of future performance, potential
acquisitions by the Company, and future exploration plans of the Company, are “forward-looking statements”. We
caution you that such “forward looking statements” involve known and unknown risks and uncertainties that could
cause actual results and future events to differ materially from those anticipated in such statements. Such risks and
uncertainties include fluctuations in precious metal prices, unpredictable results of corporate activities,
uncertainties inherent in the estimation of mineral reserves and resourc es, fluctuations in the costs of goods and
services, problems associated with the exploration and mining business , changes in legal, social or political
conditions in the jurisdictions where the Company operates, lack of appropriate funding and other risk factors, as
discussed in the Company’s filings with Canadian and American securities regulatory agencies. Corporate goals and
forecasts may be based on data insufficient to support them. Mr. Garry Biles, Canarc President & COO is the
Qualified Person for t he Company for technical disclosures as required by NI 43 -101. The Company expressly
disclaims any obligation to update any forward looking statements, except as required by applicable laws. We seek
Safe Harbour.